SFW Capital Partners has completed the sale of MD Buyline, a provider of healthcare analytics and data, to TractManager, a portfolio company of Arsenal Capital Partners. SFW acquired MD Buyline in February 2011.
MD Buyline is a provider of healthcare analytics and supply chain spend intelligence to healthcare providers and vendors. The company’s services are used to identify cost reduction opportunities for purchased services, consumables, capital and IT. MD Buyline is based in Dallas (www.mdbuyline.com).
TractManager is a provider of compliance services that enable hospitals to create, oversee and manage their contractual agreements in compliance with regulations. TractManager was founded in 1999 and is based in Chattanooga, TN with executive offices in Saddle Brook, NJ (www.tractmanager.com).
During the course of SFW’s ownership the firm supported CEO Satin Mirchandani and the company’s management team in a range of growth initiatives, including enhancing and extending its product lines, investing in the company’s sales, marketing and account management functions, and strengthening the company’s business infrastructure. These investments enhanced MD Buyline’s service offering for its customers and extended coverage to include information on consumables and purchased services and other areas of hospital spend, each of which drove meaningful growth at the company.
“We are incredibly proud of the transformational improvements we enacted with the support and guidance of SFW,” said Satin Mirchandani, CEO of MD Buyline. “We are eager to begin the next phase of MD Buyline’s development with TractManager, and are looking forward to providing even greater value to our customers.”
SFW Capital Partners focuses exclusively on analytical tools and related services companies, including providers of instrumentation, software, information and analytical services. SFW typically invests from $10 million to $75 million of equity in middle market companies that have up to $25 million in EBITDA. The firm has offices in Rye, NY and Hudson, OH (www.sfwcap.com).
“MD Buyline’s focus on health-care analytics and information was a strong fit with SFW’s specialization and focus on providers of analytical tools and related services companies. We are very pleased to have had the opportunity to work closely with Satin Mirchandani and the company’s management team to transform the business and position it for long term growth and success. The company has performed very well during our time working together, and has further established its position as the leading provider in its field.” said Roger Freeman, Partner at SFW.
The sale of MD Buyline represents the second exit for SFW in recent weeks, following the sale of agricultural analytical solutions provider AGDATA in late July.
2014 PEPD • Private Equity’s Leading News Magazine • 8-5-14
